Press Releases: 2014

First Quarter 2014 Results

AJAX: May 8, 2014:

Automodular Corporation (“Automodular”) reports net earnings of $3.2 million or $0.16 per share for the quarter ended March 31, 2014 compared to $3.6 million or $0.18 per share in the same period in 2013.

The results for the first quarter are summarized below (all figures in ‘000s except per share amounts):

Three months ended June 30
  2014
$
2013
$
Sales 19,549 21,808
Net earnings 3,160 3,637
Per share (basic) 0.16 0.18

The Board of Directors has declared a regular quarterly dividend of $0.06 per share payable June 5, 2014 to shareholders of record May 22, 2014.

Automodular Corporation is a supplier of sub-assembly, sequencing and transportation services to the automotive industry – Ford Motor Company’s Oakville Assembly Plant. The Company has two operating facilities and employs approximately 525 people.

For further information, contact:

Christopher Nutt
President and CEO
Automodular Corporation
(905) 619 4202
invest@automodular.com

This press release contains forward-looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are market and general economic conditions and the risk factors detailed from time to time in the Company’s periodic reports filed with the Canadian securities regulatory authorities and on SEDAR at www.sedar.com. Readers are cautioned not to rely on forward-looking statements. Except as required under continuous disclosure obligations, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Automodular does not provide financial outlooks.